NOT LISTED FOR SALE

4 Madaket Ct Rehoboth Beach, DE 19971

Estimated Value: $666,000 - $750,000

4 Beds
3.5 Baths
3,000 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $660,000 $220 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,997/month

3 Days on Market

Highlights

  • 10 Feet of Waterfront
  • Parking available for a boat
  • Lake View
  • Rehoboth Elementary School Rated A
  • Water Oriented
  • Deck

About This Home

As of February 2022

This former model home & waterfront gem in Rehoboth Beach awaits you in The Meadows. Opportunities like this don’t come up very often. This pond front property in a premier location is being sold fully furnished. Boasting stunning new finishes and new systems including a new HVAC system, new tankless hot water heater, new roof and updated bathrooms in the last 4 years, this home is a must see! Showstopping reclaimed barnwood hardwood flooring spans this very open and inviting home. A gas fireplace graces the great room that flows into the gourmet kitchen with granite countertops and stunning waterfront dining room. From there head into the light and bright sunroom leading out to the beautifully crafted expansive low maintenance deck perfect for taking in the glistening pond views. At night the fountains create a peaceful glow and sound. The first level primary suite features tray ceilings and a recently updated luxury bath with beautiful heated tile flooring, soaking tub, walk in shower, designer lighting and dual vanities. When work calls you can retreat to the home office (currently being used as a game room). Upstairs there’s a large family room, 2nd Owners suite, and 2 guest bedrooms bedrooms making way for plenty of space for family and friends. This property also features a pristine unfinished basement for all of your storage needs. Enjoy access to the vibrant pool for loads of fun in the sun and a community clubhouse where the painting group and book club meet. A unique feature is community boat and RV storage for your toys! Home has Irrigation. The Meadows has won awards for open space & was awarded silver level tree community status. The award winning community also offers sidewalks and ponds with lighted fountains and the ponds are stocked for catch and release fishing. The sand and surf, boardwalk and everything Rehoboth Beach has to offer is just 4 lights into town. Within 2 miles are all the shopping and restaurants you could need without ever using the highway. The quiet community coupled with this picturesque location make this property the perfect location to call home year round or as a weekend retreat.

Last Agent to Sell the Property

Brian Barrows

(302) 228-0204 brian@barrowsandassoc.com Monument Sotheby's International Realty License #RA-0020621 Listed on: 01/06/2022

Monument Sotheby's International Realty

Co-Listed By

Jennifer Barrows

(302) 841-9505 jenn.barrows@oasir.net Monument Sotheby's International Realty

Last Buyer's Agent

Nitan Soni

(302) 747-3333 nitan@coachatthecoast.com Northrop Realty License #RA-0030967

Northrop Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 7,841 Sq Ft Lot
  • 10 Feet of Waterfront
  • Property is in excellent condition
  • Property is zoned RS

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Garage Door Opener
  • Off-Street Parking
  • Parking available for a boat

Property Views

  • Lake
  • Pond

Home Design

  • Contemporary Architecture
  • Architectural Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Stick Built Home

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Storm Doors

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Propane Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-18.00-443.00

Community Details

Overview

  • Villages Of Old Landing Meadows HOA
  • Villages Of Old Landing II Subdivision
  • Property Manager

Amenities

  • Community Center

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • Exclusions: See inclusions and Exclusions list.
  • Historic: No
  • Home Warranty: No
  • Inclusions: See inclusions and Exclusions list.
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-01-08
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Microwave, Oven/Range - Gas, Washer, Water Heater
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Pantry, Ceiling Fan(s), Window Treatments, Entry Level Bedroom, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Insulated, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Storm
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Sun/Florida Room, Laundry, Mud Room, Office, Primary Bathroom, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Sump Pump, Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 183.33
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Boat Storage, Sidewalks
  • Roof: Architectural Shingle
  • View: Lake, Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 10

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Community Center, Swimming Pool, Pool - Outdoor
  • HOA Name: VILLAGES OF OLD LANDING - MEADOWS
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Pond
  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7840.80
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: RS
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5198091
  • Assessor Parcel Number: 334-18.00-443.00
  • County Tax Payment Frequency: Annually

MLS Schools

  • School District Name: CAPE HENLOPEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2025
Sold by
Stock Alix S and Stock Thomas A
Bought by
Thomas Andrew Stock And Alix Silverman Stock and Stock
Current Estimated Value
$725,621

Purchase Details

Listed on
Jan 6, 2022
Closed on
Jan 29, 2022
Sold by
Todd Alterici
Bought by
Stock Alix S and Stock Thomas S
Seller's Agent
Brian Barrows
Monument Sotheby's International Realty
Buyer's Agent
Nitan Soni
Northrop Realty
List Price
$550,000
Sold Price
$660,000
Premium/Discount to List
$110,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.50%
Original Mortgage
$170,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Adeline C Adeline C and Breneman Virgina L
Bought by
Alterici Todd and Alterici Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4%

Purchase Details

Closed on
Dec 16, 2011
Sold by
Adeline C Adeline C and Breneman Virgina L
Bought by
Alterici Todd and Alterici Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thomas Andrew Stock And Alix Silverman Stock -- None Listed On Document
Thomas Andrew Stock And Alix Silverman Stock -- None Listed On Document
Stock Alix S $660,000 Sergovic Carmean Weidman Mccar
Alterici Todd $380,000 --
Alterici Todd $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stock Alix S $170,000
Previous Owner Alterici Todd $180,000
Previous Owner Alterici Todd $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $660,000 +20.0% $220 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $550,000 -- $183 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,162 $35,000 $4,550 $30,450
2024 $1,725 $35,000 $4,550 $30,450
2023 $1,724 $35,000 $4,550 $30,450
2022 $1,664 $35,000 $4,550 $30,450
2021 $1,648 $35,000 $4,550 $30,450
2020 $1,643 $35,000 $4,550 $30,450
2019 $1,646 $35,000 $4,550 $30,450
2018 $1,537 $35,000 $0 $0
2017 $1,472 $35,000 $0 $0
2016 $1,398 $35,000 $0 $0
2015 $1,302 $34,100 $0 $0
2014 $1,292 $34,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU2012572

Bright MLS

APN: 334-18.00-443.00